Short Interest in Aptiv PLC (NYSE:APTV) Rises By 24.5%

Aptiv PLC (NYSE:APTV) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 6,360,642 shares, an increase of 24.5% from the November 30th total of 5,109,599 shares. Approximately 3.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,974,043 shares, the short-interest ratio is currently 3.2 days. Based on an average daily trading volume, of 1,974,043 shares, the short-interest ratio is currently 3.2 days. Approximately 3.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Saranac Partners Ltd purchased a new stake in Aptiv during the third quarter valued at about $25,000. True Wealth Design LLC increased its position in shares of Aptiv by 83.8% during the 2nd quarter. True Wealth Design LLC now owns 397 shares of the auto parts company’s stock valued at $27,000 after purchasing an additional 181 shares during the last quarter. 1248 Management LLC purchased a new position in shares of Aptiv during the 1st quarter valued at about $28,000. Geneos Wealth Management Inc. raised its holdings in shares of Aptiv by 452.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 486 shares of the auto parts company’s stock valued at $29,000 after buying an additional 398 shares in the last quarter. Finally, Foster Dykema Cabot & Partners LLC bought a new stake in Aptiv in the 3rd quarter worth approximately $30,000. 94.21% of the stock is currently owned by hedge funds and other institutional investors.

Aptiv Stock Performance

Shares of APTV opened at $76.09 on Friday. Aptiv has a 12-month low of $47.19 and a 12-month high of $88.80. The company has a current ratio of 1.79, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The company has a market cap of $16.44 billion, a PE ratio of 60.39, a price-to-earnings-growth ratio of 0.96 and a beta of 1.51. The stock has a 50-day moving average price of $78.63 and a 200-day moving average price of $77.04.

Aptiv (NYSE:APTV) last announced its earnings results on Thursday, October 30th. The auto parts company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.36. Aptiv had a net margin of 1.46% and a return on equity of 18.51%. The business had revenue of $5.21 billion for the quarter, compared to the consensus estimate of $5.05 billion. During the same period last year, the firm posted $1.83 earnings per share. Aptiv’s quarterly revenue was up 7.4% on a year-over-year basis. Aptiv has set its FY 2025 guidance at 7.550-7.850 EPS and its Q4 2025 guidance at 1.600-1.900 EPS. As a group, equities analysts forecast that Aptiv will post 7.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Oppenheimer set a $94.00 price target on Aptiv and gave the stock an “outperform” rating in a report on Friday, October 31st. Barclays raised Aptiv from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $85.00 to $105.00 in a report on Friday, September 12th. BNP Paribas Exane lifted their target price on Aptiv from $100.00 to $107.00 in a report on Friday, November 21st. Bank of America upped their price target on Aptiv from $85.00 to $95.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Aptiv from $90.00 to $105.00 and gave the company an “overweight” rating in a research report on Monday, October 20th. Four equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $96.63.

About Aptiv

Aptiv plc is a global automotive technology company that develops safer, greener and more connected solutions for the mobility industry. The company designs and supplies advanced electrical architectures, electronic systems and software that enable vehicle connectivity, active safety, advanced driver-assistance systems (ADAS) and autonomous driving capabilities. Aptiv’s customers include major automakers and mobility service providers seeking to integrate higher levels of automation, electrification and software-defined features into production vehicles and mobility platforms.

Product and service offerings span vehicle electrical systems and wiring, connectors and harnesses, high-voltage electrification components, power electronics and charging solutions, sensors and compute platforms that support ADAS and autonomous functions, and the software and services required to integrate and manage these systems.